(A) improve the financial market
China's entry into the World Economic and Trade Organization is very beneficial to the development of China's market economy. Although China's economy and trade are gradually entering the international market, at the same time, China's economic development is also facing various problems, which are both opportunities and challenges. At present, the China market is in line with the international market, and China's independent commodities can be put into the international market for trade in time. However, financial problems are inevitable, especially financial risks arising from changes in demand and price adjustment in the international market. The reason for this phenomenon is, first of all, China's own economic ladder. Secondly, the impact on the international market. Judging from the above problems, China's market system is not complete enough. For example, according to relevant standards, capital market, money market and financial derivatives market are the most basic components of the financial system, and these are all necessary elements. According to the current international situation and economic development, the financial market is gradually developing towards standardization, internationalization and standardization. Financial derivatives market has played an important role in financial risk management, which is embodied in two aspects: first, as an important part of financial market, financial derivatives market plays an irreplaceable role in market structure and market scale expansion; Second, derivatives have created a market for risk management, and its significance lies in supplementing and perfecting the demand of financial markets, greatly accelerating the renewal and development of various components of financial markets.
(B) the construction of financial projects
As we all know, the financial market risk plays a huge role in hindering the social and economic development of China. With the passage of time, people's material living standards are constantly improving, and the increase of economic income will certainly promote the rise and development of China's financial industry. As a landmark project in the 2nd/Kloc-0th century, financial engineering will transfer the development object and goal of China to financial engineering and improve China's comprehensive national strength and international status, which is a rare opportunity to catch up with western developed countries. In order to realize the development of market economy and accelerate the socialist modernization, China should focus its investment on the financial industry, improve its financial competitiveness, actively participate in the process of international financial competition, and actively participate in the financial industry projects in the new world by taking relevant measures such as liberalizing financial prices, eliminating financial repression and encouraging financial innovation. It should be noted that while promoting the progress of China's financial engineering, we need to look at the development of China's financial industry from a scientific perspective, and we should broaden our horizons so as to find out the problems existing in the development of the financial industry and provide real information sources for the choice of solutions.
At present, the financial industry has become an important part of China's industrial development, because financial engineering can represent the application of modern financial high-tech, which has far-reaching significance for China's financial system to achieve the goal of marketization, modernization and internationalization. The state or government should actively formulate corresponding policy choices, increase capital investment in financial technology, improve the efficiency of financial engineering technology, and avoid the emergence of financial risks. When developing financial engineering, it is necessary to pay attention to financial risk management and realize the innovation of financial market tools; Strengthen and improve the risk allocation function of the financial system. At present, the imperfect function of risk allocation in China's financial system is that it cannot effectively allocate risks and the market tools are insufficient. China needs to pay enough attention to financial engineering when developing financial engineering technology. Understand the technical progress of financial engineering and the development of China's financial system, and solve the existing problems. In order to promote the development of China's financial system, we can learn from western advanced management experience and financial engineering technology to develop ourselves, especially in improving the risk allocation function of the financial system and improving the management decision-making level of financial institutions. For financial engineering, we should also deeply realize that China's financial market is still in the primary stage of market economy, and we need to carry out financial management according to China's actual situation to prevent copying foreign products and models. For the management function of financial engineering, we can use financial engineering technology to promote the development of China's financial system. Effective measures should be taken to improve the limitations of financial engineering.
(3) Implementing financial supervision
Strengthening financial supervision is not only the need of domestic economic development, but also the management need of international financial development, which is inevitable and urgent. It is embodied in the following aspects: First, the need of international capital flow. Although China adheres to the road of socialist market economy, the world market is still dominated by the capitalist market, and transnational links have been formed, leading to cross-border capital flows among countries. The cross-border flow of funds will have a great negative impact, the most direct of which is the economic crisis. Once a capitalist country has economic problems, other capitalist countries will be affected to varying degrees. In order to ensure the healthy development of the financial market, financial supervision should be strengthened. Second, the demand of China's financial market. Since the reform and opening up, China's market has expanded unprecedentedly, and the development of import and export trade shows China's achievements in the international market. Although China's financial market has made great progress, there are also many financial irregularities, which increase the probability of financial risks.
The above problems show that it is necessary to strengthen China's financial management, which is not only the need of China's social and economic development. The author analyzes and summarizes the specific measures to strengthen financial management, which can be carried out from several aspects:
(1) Make clear the risk tolerance. The financial industry is a very complex economic industry, which will cause huge economic losses after problems occur. The state should be clear about its ability to cope with risks, adhere to the principle of seeking truth from facts, and set an acceptable risk range. Avoid the problems caused by weak risk ability and control the risk tolerance range, otherwise there will be business crisis; It hinders the preservation and appreciation of enterprise assets.
(2) Strengthen risk management. Strengthening risk management is mainly through formulating risk management system. The key point is to do the following work, such as risk identification, measurement, management methods, control and supervision. At present, people have accumulated many test methods of risk measurement, and checked the risk control system, forming a financial risk early warning system.
(3) Keep information feedback. It is of great significance to keep information feedback. In addition to satisfying the existence of an effective market, ensuring the rational flow of all kinds of capital investors, promoting exchanges and cooperation between domestic regulatory agencies and maintaining financial information feedback, we should also actively play the role of "People's Bank of China, China Securities Regulatory Commission and China Insurance Regulatory Commission" and make internal relations develop harmoniously through the tripartite joint meeting system. (4) Improve laws and regulations. The formulation and improvement of laws and regulations can make legal judgments on the problems arising from financial risks, and it is also the legal basis for restricting economic activities. However, at present, there are still few laws about the financial industry in China, which cannot guarantee the healthy development of China's financial market. The state should gather a large number of talents who are familiar with international practices and understand the national conditions to build a regulatory legal system. (5) Play the role of industry self-discipline. The essence of self-discipline is to advocate enterprises to implement self-management. At present, the method widely adopted by countries and regions all over the world is industry self-regulation for financial supervision. Government supervision and industry self-discipline complement each other, and only by combining them can we give full play to the role of self-discipline.
Third, the conclusion
To sum up, the development of economic globalization will be the main direction of China's economic development in the future. No matter in the international market or the domestic market, the development of the financial industry has made remarkable achievements. However, the changes in the international financial market are enormous. Financial globalization, liberalization and financing securitization are the main directions for the future development of China's financial industry, which leads to great instability in the global economy. As a result, financial assets have gradually become the key to measure the price, estimation and budget of financial market risks. According to this situation, China should actively improve the financial market system and achieve breakthroughs in financial engineering and financial supervision.